Professor’s Comments January 27, 2020

Posted by OMS  at January 27th, 2020

Dow futures are down almost 400 points this morning on concern that the Coronavirus in China is spreading. If the virus continues spread it will impact international trade, which in turn will lower corporate profits and adversely impact the equity markets.

If the Dow closes down today, it will turn the market timing indicators negative, as they were close to turning on Friday. A close below the 28,500 level on the Dow would confirm the top we have been anticipating for weeks is in.

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